ACTUAL ASPECTS REGARDIND THE IFRS FOR SME – OPINIONS, DEBATES AND FUTURE DEVELOPMENTS

Globalization (primarily the economic one) is today an incontestable reality that hasan important influence on the human condition, socioeconomic and cultural situation of thecollectivities. The SMEs have an important position in the world wide economy. The accountinginformation provided by them must have the same role. We must decide: who are the users of thisinformation, the comparability is compulsory at this level, the harmonization is required? Askingthis question we must try to give an answer without ignoring the opinion of those who act in in thisshow . At European level, the legitimacy to develop standards specific to SME is contested.However, this global accounting standard may represents a very significant step on the path toglobal convergence of financial reporting practices by SMEs. It will contribute to enhancing thequality and comparability of SME financial statements around the world and assist SMEs ingaining access to finance. We consider that IFRS for SMEs may still be considered too complex formicro-entities; however many of the requirements will not be applicable for entities with a moresimple business model. The extent to which IFRS for SMEs can be used for tax purposes remains anissue that requires further study.